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New BRICS bank wins AA+ rating. S&P notes ‘additional support’ from China

February 28, 2020

SINGAPORE -- S&P Global Ratings today affirmed its 'AA+' long-term and 'A-1+' short-term foreign-currency issuer credit ratings on the New Development Bank (NDB), a multilateral lending institution (MLI) established by Brazil, Russia, India, China, and South Africa (BRICS). "We affirmed the ratings on NDB to reflect our opinion that the institution will establish itself as a catalyst in reducing infrastructure deficits faced by its BRICS members," S&P said.

China's ranking improves in Transparency International survey: Regional ratings stagnate

February 11, 2020

HONG KONG - In its 2019 Corruption Perception Index (CPI), Transparency International reports that the Asia-Pacific region has not witnessed substantial progress in anti-corruption efforts - but China's global CPI ranking has improved by seven places, while its CPI score improved by two points.

Employer obligations, precautions to take during coronavirus outbreak

February 10, 2020

HONG KONG - Lawyers Baker McKenzie have released a Client Alert for employers needing to take stock of their obligations to employees and any potential impact on their businesses of the coronavirus outbreak, now declared by the World Health Organisation to be a Public Health Emergency of International Concern.

Responses to some frequently-asked questions (listed below) are available on the BakerMcKenzie website at

Coronavirus to take big toll on China's transport operators: S&P

February 4, 2020

HONG KONG -- S&P Global Ratings said today that the novel coronavirus outbreak has already had a severe impact on the transportation infrastructure sector in China. S&P expects the ripple effects on transportation to be more significant and enduring than in the spread of SARS in 2003.

"The outbreak will undermine the credit strength of many Chinese infrastructure operators in 2020," said S&P Global Ratings credit analyst, Gloria Lu.